by Charles Webb | Mar 10, 2025 | Quarterly Commentary
2024 turned out to be another banner year for U.S. stocks. The S&P 500 led the overall market gaining 23% in 2024. This follows a 24% gain in 2023 and marks the first time since the late 1990’s that the index has had back-to-back gains of more than 20%. In both...
by Charles Webb | Mar 10, 2025 | Quarterly Commentary
The big news this quarter occurred only a couple of weeks ago when after two and a half years, the Federal Reserve finally reversed course and cut the fed funds rate by half a point. This marks the end of the Fed’s battle to rein in the skyrocketing inflation that we...
by Lori Eason | May 24, 2024 | Quarterly Commentary
Except for a brief pullback in the early part of January, the stock market rally that started in late October continued to roll through the first three months of this year. The S&P 500, as well as most of the major averages, has gained roughly 10% this year. All...
by Charles Webb | Jan 30, 2024 | Quarterly Commentary
As we bid farewell to 2023, it’s time to reflect on a year that defied expectations. Despite initial reservations fueled by the double-digit declines in 2022 and the Federal Reserve’s ongoing rate increases, 2023 turned out to be a stellar year for...
by Charles Webb | Oct 17, 2023 | Market Related, Quarterly Commentary
Earlier this week, the House of Representatives voted to remove Kevin McCarthy as speaker of the House. While there has been no shortage of opinion and commentary in the media about this, one thing is clear, the revolt by a handful of Republican congressmen was...
by Charles Webb | Oct 17, 2023 | Market Related, Quarterly Commentary
2023 is shaping up to be a mirror image of last year. The 2022 stock market rout was principally led by four sectors: Communications (-40%), Consumer Discretionary (-38%), Technology (-29%) and Real Estate (-28%). Three of those four sectors now have a commanding...
